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According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Thinkpad Denver-based Whiting Petroleum is taking advantage of the energy markets to raise over $200 million through an offering led by Merrill Lynch that was priced today at $29.02 per share.
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Laptop Computers Nov 17, 2004 (AXcess News) Denver - Denver-based Whiting Petroleum (NYSE: WLL) is taking advantage of the energy markets to raise over $200 million through an offering led by Merrill Lynch that was priced today at $29.02 per share.
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Laptop Computer Merrill Lynch & Co. acted as sole book-running manager for the offering. The company is selling 7.5 million shares for a total of $208.4 million net of commissions that Whiting said it will use to pay down debt.Whiting also announced that the concurrent offering of 1,080,000 shares of Whiting common stock, currently outstanding, by an affiliate of Alliant Energy Corporation (NYSE: LNT) was priced at the same price per share.
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Desktop Computer In late October, the company said it added a new board member and vice president to its key management. Palmer Moe became a director October 26th. The x-president of Valero Energy has 35 years industry experience. Douglas Lang was added as Vice President of Reservoir Engineering Acquisitions the next day. Lang has 30 years of acquisition and reservoir engineering experience including staff and managerial positions with Amoco, Petro-Lewis, General Atlantic Resources, UMC Petroleum and Ocean Energy. Lang joined Whiting in 1999 as manager of engineering and acquisitions.
Notebooks Marketocracy.com has been accumulating Whiting in its M100 group of stocks, according to a story in Forbes.Advertisement
Lenovo On October 15, Whiting reported third-quarter earnings of 70 cents per share, up 63% over last year's 43 cents per share for the quarter. On October 18 the company announced its planned sale of shares.
Hard Drive Whiting shares closed down 44 cents Tuesday to at $29.02.Competiors shares were down Tuesday with Anadarko Petroleum (NYSE: APC) down 3 cents at $66.49. Last week Anadarko completed the sale of British Columbia, Alberta and Saskatchewan assets to Canadian Natural Resources Ltd. (TSX: CNQ) for C$680 million.
Travelstar Black Hills Corp (NYSE: BKH) closed down 15 cents at $31.02. November 9 the company reported net income of $17.1 million for the three-month period ended September 30, 2004, or $0.52 per share, compared to $22.4 million or $0.69 per share for the three months ended September 30, 2003.
Gateway Cabot Oil & Gas Corp (NYSE: COG) showed the biggest loss for the day ending the session Tuesday down 74 cents at $42.13. Cabot released disappointing third quarter results October 28 reporting net income of $17.8 million, or $0.55 per share, compared to $22.7 million, or $0.70 per share in the same period last year.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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